February 20, 2012
It seems every chance the mainstream media (MSM) gets, it tells us things really aren’t that bad. For example, the headline from the Associated Press (AP) said,“Consumer prices on the rise, but inflation outlook is benign.” Who approves the headlines at the AP?
Prices are rising, but there is no inflation? Aren’t rising prices the main ingredient of inflation? The story goes on to say, “Consumer prices rose modestly in January on higher costs for food, gas, rent and clothing. But economists downplayed the increase, saying inflation will likely ease in the coming months as prices for raw materials level off.” (Click here for the complete AP story.)
I wonder where the people who write for the MSM shop for groceries and buy their gasoline. Maybe they have a time machine and magically go back where prices are a lot lower for everything. But for those for us eating and heating our homes today, things are not getting cheaper and inflation is a problem!
Look at this from a different AP story where the headline says it all, “Gasoline prices are highest ever for this time of year.” The story goes on to say, “Gasoline prices have never been higher this time of the year. At $3.53 a gallon, prices are already up 25 cents since Jan. 1. And experts say they could reach a record $4.25 a gallon by late April. ‘You’re going to see a lot more staycations this year,” says Michael Lynch, president of Strategic Energy & Economic Research. “When the price gets anywhere near $4, you really see people react.” (Click here to read the complete AP story.)
This article was posted: Monday, February 20, 2012 at 3:35 am